Measuring the Volatility of Market Risk of Vietnam Banking Industry After the Low Inflation Period 2015–2017

2020 ◽  
Vol 23 (04) ◽  
pp. 2050029
Author(s):  
Nguyen Ngoc Thach ◽  
Nguyen Van Bao ◽  
Dinh Tran Ngoc Huy ◽  
Bui Dan Thanh ◽  
Le Thi Viet Nga ◽  
...  
Keyword(s):  
Financial Crisis ◽  
Banking Industry ◽  
Market Risk ◽  
Vital Role ◽  
Risk Level ◽  
Economic Development And Growth ◽  
Research Findings ◽  
Bank System ◽  
Risk Potential

The Vietnam economy has gained lots of achievements after the financial crisis 2007–2011, until it reached a low inflation rate of 0.6% in 2015. This paper measures the volatility of market risk in Vietnam banking industry after this period (2015–2017). The main reason is the vital role of the bank system in Vietnam in the economic development and growth in recent years always goes with risk potential and risk control policies. This research paper aims to figure out the increase or decrease in the market risk of Vietnam banking firms during the post-low inflation period 2015–2017. First, by using the quantitative combined with comparative data analysis method, we find out the risk level measured by equity beta mean in the banking industry is acceptable, although it is little higher than ([Formula: see text]) 1. Then one of its major findings is the comparison between risk level of banking industry during the financial crisis 2007–2009 compared to those in the post-low inflation time 2015–2017. In fact, the research findings show us market risk level during the post-low inflation time has increased much. We compare beta in two periods because we want to figure out the reason underlying the fact beta has increased. One of the reasons is that the accumulated banking risks during the longer time and criteria to meet Basel 2 have been partially contributing to increasing market risk. Finally, this paper provides some ideas that could provide companies and government more evidence in establishing their policies in governance. This is the complex task but the research results show us warning that the market risk might be higher during the post-low inflation period 2015–2017. Our conclusion part will recommend some policies and plans to deal with it.

scholarly journals Measuring Equity and Asset Beta– Evidence in Viet Nam Three Insurance and Financial Service Industries After Crisis 2007-2009 and Low Inflation Period 2015-2017

2019 ◽  
pp. 196-208
Author(s):  
Dinh Tran Ngoc Huy
Keyword(s):  
Economic Development ◽  
Financial Crisis ◽  
Banking Industry ◽  
Insurance Industry ◽  
Market Risk ◽  
Financial Service ◽  
Service Industries ◽  
Risk Level ◽  
Viet Nam ◽  
Stock Investment

Vietnam financial service industries are growing and contributing much to the economic development and has been affected by inflation. High and increasing inflation might reduce values of insurance and banking contracts. This paper measures the volatility of market risk in Viet Nam banking, insurance and stock investment industry after this period (2015-2017). The main reason is the necessary role of the financial system in Vietnam in the economic development and growth in recent years always go with risk potential and risk control policies. This research paper aims to figure out how much increase or decrease in the market risk of Vietnam banking, insurance and stock investment firms during the post-low inflation environment 2015-2017, compared to what happened in the financial crisis 2007-2009.First, by using quantitative combined with comparative data analysis method, we find out the risk level measured by equity beta mean in the banking industry has increased whereas the risk fluctuation also increased. Second, stock investment industry has the level of market risk as well as the risk fluctuation decreasing. Third, different from the 2 above industries, insurance industry experienced the level of market risk increasing while the risk volatility decreasing. Then, one of its major findings is the comparison between risk level of stock investment industry during the financial crisis 2007-2009 compared to those in the post-low inflation time 2015-2017. During the financial crisis 2007-09, stock industry has the highest beta value whereas during the post-low inflation time, banking industry maintained the highest value. Finally, this paper provides some ideas that could provide companies and government more evidence in establishing their policies in governance. This is the complex task but the research results shows us warning that the market risk need to be controlled better during the post-low inflation period 2015-2017. And our conclusion part will recommends some policies and plans to deal with it.

scholarly journals Enhancing Roles of Banks and the Comparison of Market Risk and Risk Policy Implications in Group of Listed Vietnam Banks During 2 Stages: Pre and Post-Low Inflation Period

2021 ◽  
Vol 11 (2) ◽  
pp. 1723-1735
Author(s):  
Phung Tran My Hanh
Keyword(s):  
Qualitative Methods ◽  
Quantitative Methods ◽  
Market Risk ◽  
Policy Implications ◽  
Comparison Methods ◽  
Private Banks ◽  
Research Findings ◽  
Bank System ◽  
Risk Policy

By classifying period 2011-2020 into 2 stages: pre-low (L) inflation stage (2011-2015) and post-low inflation stage (2015-2020), we can compare market risk in total 7 listed big banks in Vietnam including: Previous SOEs banks (including VCB and CTG) and Previous Private banks (including STB, SHB, NVB, EIB and ACB). Authors then use combination of quantitative methods (statistics, calculation formulas) and qualitative methods including synthesis, inductive and explanatory methods, esp. Authors use comparison methods for analyzing and evaluating beta CAPM (Stand for market risk) of banks in 2 special stages. The research findings tell us that In groups of banks (SOEs previously) VCB and CTG we find out: beta mean GAP of CTG higher than beta mean GAP of VCB case (0.24 > 0.19), and GAP of beta mean is positive in this case for both periods. In groups of joint stock banks (private banks) SHB, STB, NVB, ACB and EIB we figure out: beta mean GAP of STB is the highest (0.68) while only 1 case SHB, in which beta mean GAP is negative (-0.26). Besides, this study also give out recommendations for risk policy implications for bank system and for the country.

Retention: The vital role of teacher autonomy

SecEd ◽  
2020 ◽  
Vol 2020 (2) ◽  
pp. 26-27 ◽  
Author(s):  
Michelle Barker
Keyword(s):  
Job Satisfaction ◽  
Vital Role ◽  
Teacher Autonomy ◽  
Retention Rates ◽  
Strong Link ◽  
Research Findings ◽  
New Research

Evidence is emerging showing the strong link between teacher autonomy, job satisfaction and retention rates in schools. Michelle Barker considers four new research findings

scholarly journals Telling Us your Hopes: Ethnographic lessons from a communications for development project in Madagascar

1970 ◽  
Vol 12 (2) ◽  
Author(s):  
Antonie L. Kraemer
Keyword(s):  
Development Project ◽  
Vital Role ◽  
Decision Makers ◽  
Joint Research ◽  
Development Agenda ◽  
Social Expression ◽  
Oral Testimony ◽  
Research Findings

This article discusses ethnographic lessons from a “communications for development” project in Madagascar. Analysing the project’s methodology of participatory oral testimony, the article argues that anthropologists can learn from an explicit focus on empowering informants to become active producers of ethnographic knowledge, and highlights the vital role of communicating joint research findings to influential decision makers. The multiple, differing actor groups united by the project are also assessed, demonstrating how ostensibly incompatible rationalities became creatively translated into mutually acceptable forms, generating unforeseen, new social expression rather than a predictable, universalist development agenda.

scholarly journals Using External Financing in a One Factor Model Measuring the Volatility of Market Risk of Vietnam's Banking Industry During and After the Global Crisis

2019 ◽  
Vol 8 (2) ◽  
pp. 173-187
Author(s):  
Dinh Tran Ngoc Huy
Keyword(s):  
Banking Industry ◽  
Factor Model ◽  
Market Risk ◽  
Risk Level ◽  
Traditional Model ◽  
External Financing ◽  
Financial Reports ◽  
Listed Firms ◽  
The Government ◽  
The Impact

Abstract This paper evaluates the impact of external financing on market risk for the listed firms in Vietnam`s banking industry, especially during and after the financial crisis 2009-2011. First of all, by using quantitative and analytical methods to estimate asset and equity beta of total 9 listed companies in Vietnam banking industry with a proper traditional model, we found out that the beta values, in general, for many institutions are acceptable. Second, under 3 different scenarios of changing leverage (in 2011 financial reports, 30% up and 20% down), we recognized that the risk level, measured by equity and asset beta mean, decreases when leverage increases to 30% and increases more if leverage decreases down to 20%. Third, by changing leverage in 3 scenarios, we recognized the dispersion of risk level, measured by equity beta var, increases from 0,108 to 0,181 if the leverage increases to 30% whereas decreases to 0,073 if leverage decreases to 20%. But the dispersion measured by asset beta var decreases to 0,007 (leverage up 30%), showing leverage impact. Finally, this paper provides some outcomes that could provide companies and the government with more evidence in establishing their policies in governance.

scholarly journals Performance Evaluation of the Jordanian Commercial Banks Based on Bankometer Parameters

2017 ◽  
Vol 9 (12) ◽  
pp. 249
Author(s):  
Tawfiq Ahmed Mousa
Keyword(s):  
Performance Evaluation ◽  
Financial Crisis ◽  
Commercial Banks ◽  
Banking Sector ◽  
Global Financial Crisis ◽  
Stock Exchange ◽  
Model Analysis ◽  
Vital Role ◽  
The Global Financial Crisis

Due to the vital role of banking sector in every country’s economy, the sustainability of this sector became a priority especially in the aftermath of the global financial crisis of 2007-2008. The main objective of this study is to assess the soundness of Jordanian commercial banks listed in Amman’s Stock Exchange (ASE) during the period (2008-2015). The study applied the Bankometer model analysis and concluded that all banks under study are safe in terms of all parameters of the model despite the slowdown of economy and the regional instability.

scholarly journals The Measurement of Impacts of Tax Rates on the Risk Level of Listed Viet Nam Banking Firms During 2009-2011

2013 ◽  
Vol 2 (1) ◽  
pp. 83-92
Author(s):  
Dinh Tran Ngoc Huy
Keyword(s):  
Financial Crisis ◽  
Analytical Methods ◽  
Positive Relationship ◽  
Banking Industry ◽  
Mean Value ◽  
Risk Level ◽  
Viet Nam ◽  
Traditional Model ◽  
Tax Rates ◽  
Listed Firms

The emerging stock market in Viet Nam has been developed since 2006 and affected by the financial crisis 2007-2009. This paperwork analyzes the impacts of tax policy on market risk for the listed firms in the banking industry as it becomes necessary. First of all, by using quantitative and analytical methods to estimate asset and equity beta of total 9 listed companies in Viet Nam banking industry with a proper traditional model, we found out that the beta values, in general, for many institutions are acceptable.Second, under 3 different scenarios of changing tax rates (20%, 25% and 28%), we recognized that there is not large disperse in equity beta values, estimated at 0,109, 0,108 and 0,107. These values are low and acceptable. Third, by changing tax rates in 3 scenarios (25%, 20% and 28%), we recognized equity beta mean value has positive relationship with the increasing levels of tax rate.Finally, this paper provides some outcomes that could provide companies and government more evidence in establishing their policies in governance.

scholarly journals Reproducibility in subsurface geoscience

2021 ◽  
Author(s):  
Michael Steventon ◽  
Chris Jackson ◽  
Mark Ireland ◽  
Matt Hall ◽  
Marcus Munafo ◽  
...  
Keyword(s):  
Scientific Method ◽  
Carbon Capture ◽  
Natural Hazard ◽  
Vital Role ◽  
Net Zero ◽  
Research Findings ◽  
Survey Results ◽  
Access To Data

Reproducibility, the extent to which consistent results are obtained when an experiment or study is repeated, sits at the foundation of science. The aim of this process is to produce robust findings and knowledge, with reproducibility being the screening tool to benchmark how well we are implementing the scientific method. However, the re-examination of results from many disciplines has caused significant concern as to the reproducibility of published findings. This concern is well-founded – our ability to independently reproduce results build trust both within the scientific community, between scientists and the politicians charged with translating research findings into public policy, and the general public. Within geoscience, discussions and practical frameworks for reproducibility are in their infancy, particularly in subsurface geoscience, an area where there are commonly significant uncertainties related to data (e.g. geographical coverage). Given the vital role of subsurface geoscience as part of sustainable development pathways and in achieving Net Zero, such as for carbon capture storage, mining, and natural hazard assessment, there is likely to be an increased scrutiny on the reproducibility of geoscience results. We surveyed 347 Earth scientists from a broad section of academia, government, and industry to understand their experience and knowledge of reproducibility in the subsurface. More than 85% of respondents recognised there is a reproducibility problem in subsurface geoscience, with >90% of respondents viewing conceptual biases as having a major impact on the robustness of their findings and overall quality of their work. Access to data, undocumented methodologies, and confidentiality issues (e.g. use of proprietary data and methods) were identified as major barriers to reproducing published results. Overall, the survey results suggest a need for funding bodies, data providers, research groups, and publishers to build a framework and set of minimum standards for increasing the reproducibility of, and political and public trust in, the results of subsurface studies.

scholarly journals Management research: To understand the role of epistemology in management research

2014 ◽  
Vol 1 (1) ◽  
pp. 64-70 ◽  
Author(s):  
Umesh Ramchandra Raut ◽  
Nitin Balaso Veer
Keyword(s):  
Social Science ◽  
Social Science Research ◽  
Science Research ◽  
Vital Role ◽  
Management Process ◽  
Management Research ◽  
Research Activity ◽  
Research Findings ◽  
Epistemological Principle

From last several years epistemology and its principle plays vital role in the development and enhancement of social science research activity at different level. The different views of positivism are united by the epistemological principle that warranted knowledge. There are a diversity of different epistemological arrangements which decriminalize their own distinct ways of engaging with management and doing management research. Present study focused on the meaning and processes of management research as well enlighten the importance of epistemology and its role in the management research. The present work will explain the significance of relevance and rigor in management research. The main objective of this paper is to provoke debate and reflection upon thedifferent issues in which we engage, when academician and organization doing research.Management researches and practitioners undeniably accepted that there is a gap exists between management researchers and management practitioners. This gap is main hurtles if researchers wants to implement their research findings into practice. But we know that management research always  looks betterment of life through the enhancement of management process.

Re-examining the Determinants of Non-Performing Loans in Ghana’s Banking Industry: Role of the 2007–2009 Financial Crisis

2017 ◽  
Vol 18 (3) ◽  
pp. 357-379 ◽  
Author(s):  
Franklin Amuakwa-Mensah ◽  
George Marbuah ◽  
Dinah Ani-Asamoah Marbuah
Keyword(s):  
Financial Crisis ◽  
Banking Industry
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